Atlantic Nickel, Owner of One of the Largest Open-Pit Sulfide Nickel Mines in the World, May Be Sold for $1 Billion

Written by Roberta Souza

Published on 27/09/2021 at 13:09

Atlantic Nickel/ Fonte: BRASIL MINING SITE

Seja o primeiro a reagir!

One Of The Possible Candidates To Buy The Nickel Miner Atlantic Nickel Is The Canadian Multinational Teck Resources

According to information published by the newspaper Estadão, the London-based fund Appian is about to close the sale of Atlantic Nickel, owner of the Santa Rita Mine, located in Itagibá, in the state of Bahia. One of the possible candidates to acquire one of the world’s largest open-pit nickel sulfide mines is the Canadian Teck Resources. The sale deal for the mining company is expected to be announced soon and closed for around US$ 1 billion. Also read this news: Vale Returned All Mining Processes It Had In Indigenous Lands To ANM

The Sale Of Atlantic Nickel

The sale, estimated at around US$ 1 billion (R$ 5.3 billion at the current exchange rate), comes shortly after Appian reactivated the mine, which made its first sale of nickel concentrate in January last year. The mine was acquired by the fund in 2017 and has a production capacity of 6.5 million tons per year. Additionally, it operates in an open-pit manner.

Among its ventures in Brazil, Appian, in addition to Atlantic Nickel, also operates in Mineração Vale Verde, with a project in the early stages for the exploration of copper and gold. When approached by the newspaper Estadão, Teck Resources stated that it does not comment on market rumors or speculation. Appian did not respond.

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

Recently, The Miner Exported The Largest Nickel Shipment In 2021

Heading to Europe, the Atlantic Nickel miner shipped last Wednesday (09/23) a vessel carrying 11,121.44 tons of nickel concentrate, used for manufacturing electric vehicles. So far, this shipment is the largest ever marketed by the company during the year 2021. The cargo departed from the Port of Ilhéus, in the municipality of Itagibá, in Bahia, where it has been operating in the mining sector for many years. The company is known for producing and exporting nickel sulfide. This is already the eighth shipment exported from January to September, accumulating over 80,000 tons.

Even though it is still September, the exported loads during this period have already surpassed the results obtained during the year 2020, which registered 67,700 tons. With these results and the effort on the part of the entire team that makes up Atlantic Nickel, the company is solidifying itself more and more as a driver of energy transition.

These nickel exports from the Atlantic Nickel miner greatly contribute to the manufacturing and subsequent use of batteries in electric vehicles. Analyzing from an economic standpoint, the activities developed by the company significantly contribute to the socioeconomic advancement of the community residing around Itagibá-Ipiaú. As for the state of Bahia, it is also set to gain visibility in the mining sector, causing other companies to seek investment in the area.

From 2018 to 2020, nickel exports to Europe and the manufacturing of batteries for electric vehicles were responsible for generating around R$ 151 million in the state’s economy, whereby commerce and suppliers benefited from closing partnerships and contracts with Atlantic Nickel. Concurrently with the investments, many job openings were created for the local community.

Atlantic Nickel, Owner of One of the Largest Open-Pit Sulfide Nickel Mines in the World, May Be Sold for $1 Billion

One Of The Possible Candidates To Buy The Nickel Miner Atlantic Nickel Is The Canadian Multinational Teck Resources

The Sale Of Atlantic Nickel

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Recently, The Miner Exported The Largest Nickel Shipment In 2021

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

The cell phone is present in 99.5% of Brazilian households and has already replaced the alarm clock, the camera, and the GPS; now it is beginning to threaten the last device that resisted: the card reader, which is present in 19 million points of sale in the country.

Jaecoo 7 with super hybrid SHS system exceeds 1,200 km of combined range with a 1.5 turbo engine, high-density battery, and intelligent energy management.

A new study suggests that the Strait of Gibraltar may disappear because the rocks beneath it are triggering a subduction process that could reshape the entire Atlantic Ocean over the next 20 million years.

OMODA & JAECOO appoints Alessandra Souza as executive marketing director in Brazil and accelerates brand expansion with a focus on innovation, network, and hybrid portfolio.

China launches the world’s most advanced weather satellite with 6 scientific instruments, a lightning detector, and artificial intelligence capable of predicting storms, tornadoes, and hail with unprecedented accuracy.

USA and China compete for Brazil over resources that could be worth trillions — rare earths put the country at the center of a global dispute

Motorola launched the Signature with a gold seal from DxOMark, tying with the iPhone 17 Pro in camera performance, Snapdragon 8 Gen 5 that surpassed 3 million in benchmarks, and a zoom that impresses even at night.

Satellites reveal beneath the Sahara a giant river buried for thousands of kilometers: study shows that the largest hot desert on the planet was once traversed by a river system comparable to the largest on Earth.

The government requests the Federal Revenue Service for a new system to automate the income tax declaration, reducing errors, time, and bureaucracy for millions of Brazilians.

With 74% of companies facing difficulties in hiring, technicians and engineers in renewable energy are becoming scarce in Brazil and are essential to support the expansion of solar, wind, and green hydrogen projects.

Atlantic Nickel, Owner of One of the Largest Open-Pit Sulfide Nickel Mines in the World, May Be Sold for $1 Billion

One Of The Possible Candidates To Buy The Nickel Miner Atlantic Nickel Is The Canadian Multinational Teck Resources

The Sale Of Atlantic Nickel

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Recently, The Miner Exported The Largest Nickel Shipment In 2021

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

The cell phone is present in 99.5% of Brazilian households and has already replaced the alarm clock, the camera, and the GPS; now it is beginning to threaten the last device that resisted: the card reader, which is present in 19 million points of sale in the country.

Jaecoo 7 with super hybrid SHS system exceeds 1,200 km of combined range with a 1.5 turbo engine, high-density battery, and intelligent energy management.

A new study suggests that the Strait of Gibraltar may disappear because the rocks beneath it are triggering a subduction process that could reshape the entire Atlantic Ocean over the next 20 million years.

OMODA & JAECOO appoints Alessandra Souza as executive marketing director in Brazil and accelerates brand expansion with a focus on innovation, network, and hybrid portfolio.

China launches the world’s most advanced weather satellite with 6 scientific instruments, a lightning detector, and artificial intelligence capable of predicting storms, tornadoes, and hail with unprecedented accuracy.

The government requests the Federal Revenue Service for a new system to automate the income tax declaration, reducing errors, time, and bureaucracy for millions of Brazilians.

Pix in installments, international Pix, and contactless payment without internet: the Central Bank revealed the new features coming to the tool that is already used by almost every adult in Brazil.

Mercado Livre has just started selling medications with delivery in up to three hours to your door, and this move could completely change the way Brazilians buy medicines on a daily basis.

In Dubai, rising tensions from the war in the Middle East are causing super-rich individuals to leave the Gulf and direct their fortunes to a new financial refuge in Asia.

“No one will make us change the Pix,” says Lula after the US report.

USA and China compete for Brazil over resources that could be worth trillions — rare earths put the country at the center of a global dispute

Motorola launched the Signature with a gold seal from DxOMark, tying with the iPhone 17 Pro in camera performance, Snapdragon 8 Gen 5 that surpassed 3 million in benchmarks, and a zoom that impresses even at night.

Satellites reveal beneath the Sahara a giant river buried for thousands of kilometers: study shows that the largest hot desert on the planet was once traversed by a river system comparable to the largest on Earth.

The government requests the Federal Revenue Service for a new system to automate the income tax declaration, reducing errors, time, and bureaucracy for millions of Brazilians.

With 74% of companies facing difficulties in hiring, technicians and engineers in renewable energy are becoming scarce in Brazil and are essential to support the expansion of solar, wind, and green hydrogen projects.